Russia will extend tariff benefits for beef imports in 2023

Published 2022년 10월 25일

Tridge summary

The Ministry of Agriculture in Russia will extend the quota for the import of boneless beef with a duty of 0% for 2023, in response to requests from meat processors. The decision is aimed at controlling price increases, which could reach up to 30% without the quota. However, the Ministry has rejected a request to establish a zero duty on up to 100 thousand tons of pork per year, citing an increase in pork production and a decrease in selling prices. The extension of benefits for imported beef is expected to help maintain product costs at a certain level.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Ministry of Agriculture will extend the quota for the import of boneless beef with a duty of 0% for 2023. This was reported to Izvestia in the department. This decision was made in response to the request of meat processors. According to experts, the measure will help curb price increases, which could reach 20-30% if the quota was cancelled. Producers also asked to establish a zero duty on imports of up to 100 thousand tons of pork per year, but the Ministry of Agriculture did not support this initiative. Tariff benefits with zero import duty on imported beef will be extended to 2023, the Ministry of Agriculture told Izvestia. They specified that such a decision was made at a meeting of the subcommittee on customs-tariff and non-tariff regulation at the Ministry of Economic Development on October 18. Earlier, the National Union of Meat Processors (NSM) asked the Minister of Agriculture of the Russian Federation Dmitry Patrushev to extend the benefits. The zero-duty beef import ...
Source: Milknews

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